Peloton's new AI-equipped Cross Training Series sees sluggish sales at retail stores despite holiday promotions, as price increases and economic concerns dampen consumer interest in premium fitness gear.
Peloton stock surges after beating Q1 expectations and issuing optimistic Q2 guidance. Company aims for profitable growth with new product lineup and AI features despite subscription decline.
Ahead of the holidays, Peloton upgrades equipment with AI and swivel screens, launches durable gym gear (Pro Series), and raises all hardware and membership prices.
